Arcimoto Inc 's asset turnover ratio, the ratio that measures the ability of Arcimoto Inc 's assets to generate revenue, sequentially decreased to
0.12 in the third quarter (Sep 30 2023), but it does not raise any concerns as Arcimoto Inc continue to execute well, and the asset turnover ratio remains above the average.
Within
sector 41 more businesses have achieved higher asset turnover ratio. While ranking the asset turnover ratio, among all other companies, it is fair to say, that the company's position has deteriorated in the Third Quarter 2023 compared to the preceding quarter from
3197 to
3224.
Asset Turnover Ratio Definition
